PETALING JAYA: Pixlr Group Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.
The company is principally involved in artificial intelligence (AI)-powered content creation and editing applications.
In its draft prospectus exposure, the company said its initial public offering (IPO) will entail the public issue of 187 million new ordinary shares.
AmInvestment Bank Berhad is the sponsor for the company’s IPO.
The company said the proceeds from the IPO will be used to expand AI-powered content creation and editing applications; enhance existing content creation and editing applications and expand platform capabilities; as well as expand its marketing activities and resources.
“Our AI-powered content creation and editing applications are available through online web and mobile applications.
“This digital distribution model provides global accessibility, enabling us to serve customers in approximately 160 countries for the financial years under review.”
Pixlr said the inherent global reach of its product portfolio creates a significant addressable market for sustained business growth.
